Ed O'Keefe, congressional reporter at The Washington Post, comments on the U.S. budget proposal and what it means for the country's economy.» Read More
UnitedHealth Group's third-quarter net income jumped 23 percent, and the nation's largest health insurer raised its 2012 earnings forecast for the third time this year.
EL SEGUNDO, Calif.-- Strong sales of American Girl dolls and Fisher-Price toys helped boost Mattel's third-quarter results, setting the stage for the biggest U.S. toy maker ahead of the critical holiday season.
WASHINGTON-- Higher costs for gasoline and other fuel likely pushed up consumer prices in September for the second straight month. The Labor Department will release the consumer price index at 8:30 a.m. Eastern time Tuesday.
Trey Hardin, GOP strategist with VOX Global, tells CNBC that since most Americans have made up their minds about Romney and Obama, the candidates will play to their respective bases during this debate on the U.S. economy.
Shares in Roche Holding AG rose 0.38 percent to close at 184.60 francs on the Zurich exchange Tuesday. In a conference call with reporters, he declined to answer questions about whether Roche might reconsider its failed hostile bid of about $6.5 billion to acquire U.S. diagnostics firm Illumina Inc..
SAN FRANCISCO-- A federal appeals court will hear arguments in a case seeking to stop California's first-in-the-nation mandate requiring petroleum refiners and ethanol producers to make cleaner fuels for millions of cars and trucks in the state.
By early afternoon in Europe, benchmark crude for November delivery was up 12 cents at $91.97 a barrel in electronic trading on the New York Mercantile Exchange. The contract finished Monday down 1 cent at $91.85 in New York. In London, Brent crude slipped 47 cents to $115.33 a barrel on the ICE Futures exchange.
The unlikely success story of Softbank Corp. President Masayoshi Son has taken another leap with his latest mega-deal, announced Monday, to take a 70 percent stake in U.S. mobile phone carrier Sprint Nextel Corp. for $20 billion.
WASHINGTON-- More than 56 million Social Security recipients will find out Tuesday how much their monthly payments will go up next year. The increase is tied to a government measure of inflation being released Tuesday morning. Social Security payments for retired workers average $1,237 a month, or about $14,800 a year.
MONTPELIER, Vt.-- Don't let the bright eyes and bushy tails fool you. In southern Vermont, Clarence Boston said he hasn't seen such an infestation of pests in the 33 years he has been an orchardist on 60 farms in five states. This year's squirrel boom in parts of Vermont followed two seasons of bountiful acorn and beechnut crops and last year's mild winter.
GENEVA-- Swiss drugmaker Roche Holding AG on Tuesday reported a 7 percent increase in sales of its pharmaceutical products for the first nine months of 2012, powered by demand for its cancer drugs.
Japan's Nikkei 225 index rose 1.3 percent to 8,689.29 and South Korea's Kospi climbed 0.9 percent to 1,941.45. Benchmarks in Taiwan, Singapore, and New Zealand also rose. Toshiba Corp. jumped 2.7 percent and Sony Corp. rose 1.5 percent in Tokyo, where exporters were also aided by a slightly weaker yen.
MANDAN, N.D.-- Novaspect Holdings Inc., which supplies and services valves and other flow-control components for the energy industry, is building a facility in Mandan, N.D.. The company expects to have about 30 employees within two years, and an annual payroll of $2.6 million.
JEFFERSON CITY, Mo.-- Missouri payrolls increased by 2,500 in September as the state's unemployment rate declined to 6.9 percent, the lowest mark since late 2008.. The state Department of Economic Development released the report Tuesday.
BOSTON-- Shares of WD-40 Co. tumbled on Tuesday after the maker of spray lubricant and cleaning products reported disappointing quarterly results and a sharp decline in sales to European customers.
LOS ANGELES-- The founders of the studio behind "Shrek," "Madagascar" and "Kung Fu Panda" are donating $90 million to a Hollywood charity that offers support to seniors and health services for members of the entertainment industry.
MCLEAN, Va.-- Booz Allen Hamilton Holding Corp. is buying ARINC Inc.' s defense systems engineering and support unit for about $154 million in cash. The parent company of consulting firm Booz Allen Hamilton said Tuesday that the division will complement its existing service base.
SHORT HILLS, N.J.-- Investors Bancorp Inc. has closed on its $135 million acquisition of Marathon Banking. "The addition of Marathon more than doubles our branch network in the New York market and provides opportunities for us to enhance our commercial franchise," Investors Bancorp President and CEO Kevin Cummings said in a statement.
BOSTON-- State Street Corp. shares rose on Tuesday after the custody bank's third-quarter earnings topped Wall Street expectations due to expense cutting and growth in investment management revenue. THE SPARK: The Boston- based company reported adjusted earnings of $473 million, or 99 cents per share, on revenue of $2.36 billion.
Einstein Noah Restaurant Group Inc., which is also considering selling itself, said that it expects to report net income of $3.4 million on revenue of $105.5 million for the quarter that ended on Oct. 2. That falls short of the $3.6 million in profit and $108.3 million in revenue that analysts polled by FactSet were expecting.